COPEUSD trade ideas
COPE , WHAT IS?What is Cope?
COPE is a project that has two phases. Phase 1 of COPE involves seeking to ascertain and evaluate trader weaknesses and failings retrospectively based on trader calls made about crypto markets and provide reporting on this for self analysis. Top Call Makers are evaluated based on their call accuracy which along with other parameters results in a COPE score given to them. The top 100 Call Makers are embraced within a COPE index ranking them by their COPE score. Once a consistent list of the top 100 has been generated with the monthly 'reformation' kicking out, introducing new Top Call Makers into the index it provides a narrative for a new type of investment product based on top trader calls as measured using a reliable and accurate mechanism, which leads to phase 2.
The chart is young, so there is not much to analyze, speculating that 8 bullish patterns have already been completed. Then a further bullish can happen or possible retracement to 38.2% Fib speculation. It is speculation. Or it can go back to 50%. Mostly in this type of currencies, going to 50-68.2% is quite normal. In speculation, since I am using it as bullish not to calculate it in a bearish way.
In chart 4h we can see that the RSI is touching the highest levels of RSI, mostly when it does this, a retracement happens, so considering it is totally healthy and probable. But there is no bearish divergence. It could be a setback to start a new bullish. Personally, I would expect retesting in the 20-day moving average, which happily already appears in the graph.
In the MACD we can see some loss of the bullish force. So a pullback is more likely seeing this indicator which is quite complete.
Personally, I have invested in Cope from 3 dollars and its growth in the Solana network is simply impressive. It is not an investment recommendation but if you want to enter in my personal opinion I will seek to buy a little more in the SMA50 day line.
Consolidation for a bit.I'd say after break ATH, would be in consolidation for a bit. Then maybe try for a new ATH.
I see a breakout and retest of $5 USD as the best entryCOPE ($COPE) is a token project that enables traders to rank their performance and view other trader’s performance in an index.
If you are keen to find out more about the project you can read a brief summary here
COPE IS ON THE WAY TO MOON 🌙Sorry guys I couldn't post my chart due to some health issues. I missed to post Theta and Tfuel chart.
Let's talk about COPE. COPE is new coin recently listed on Ftx , SerumDex. COPE had been airdropped to the initial community supports.
COPE is gaining attention so fast. If I talk about fundamentals, road map and tokenomics are going to be launch.
Technically it's looking like a bomb, it can blast anytime.
I have drawn trend lines on chart. Currently trendline, support line and MA are at the same zone so we can see a reversal from here but keep in mind if any hourly and 4 hourly candle closes below support zone then things will be change so use tight stop Loss.
Technically MACD & SRSI are bullish and fundamentally also strong so you guys can keep an eye on this one.
Note : The big quantity on this coin is being holding by airdropped gainers so heavy manipulation is expected.
Invest at your own risk you will only be responsible for profit and loss. DYOR.
Chart is same performing like Rose
